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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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Senate Blocks War Powers Resolution as GOP Backs Trump’s Iran Strikes

In a closely watched vote, the U.S. Senate on Friday rejected a Democratic-led resolution aimed at curbing President Donald Trump’s authority to launch further military action against Iran. The measure, introduced by Senator Tim Kaine of Virginia, sought to reaffirm Congress’s constitutional role in authorizing acts of war, particularly following Trump’s recent strikes on Iranian nuclear facilities.

The resolution failed in a 53-47 vote, with most Republicans standing firmly behind the president. Only one Republican, Senator Rand Paul of Kentucky, broke ranks to support the measure, while Democrat John Fetterman of Pennsylvania voted against it.

Supporters of the resolution argued it was a necessary check on executive power, especially in light of Trump’s willingness to consider additional strikes. “We shouldn’t send our sons and daughters into war unless there’s a political consensus,” Kaine said ahead of the vote.

Republicans countered that the president acted within his rights as commander-in-chief, citing an imminent threat from Iran. Senator Bill Hagerty emphasized, “We must not shackle our president in the middle of a crisis when lives are on the line”.

Despite the defeat, the debate underscored growing tensions between the legislative and executive branches over military engagement and the future of U.S. policy in the Middle East.

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